How many million people filed for unemployment the last week in March?
You do realize the CURRENT unemployment rate is higher now than it’s been in the history of the US?
The percentage of unemployed workers right now has not been this high since the Great Depression, which at its height is estimated to have been 25%.
Any idea of what the 2020 Q1 US GDP is? Or how it compares to the Q1 GDP the past five years?
So no, we do not need to wait and see. The economic damage has already been realized.